KATHMANDU, March 4: Nepal Rastra Bank (NRB) has doubled the upper limit for cash transactions through digital payment channels including mobile banking and internet banking platforms.

KATHMANDU, March 4: The Ministry of Finance (MoF) is providing a conditional grant of Rs 1.08 billion to 113 local governments to fund the health service centers that are under-construction.

Nepse recovers intraday losses but close 39 points lower

Published On: March 3, 2021 08:00 PM NPT By: Republica

KATHMANDU, March 3: The stock market saw weakness since the beginning of Wednesday’s trading. The Nepal Stock Exchange (Nepse) index pulled back sharply lower within the half an hour of trading. Nonetheless, the benchmark tried to recover its losses, but failed and continued to remain in the negative bias with a decline of 64 points on mid-day. At the close, Nepse registered a loss of 39.23 points to end the trading session at 2416.01.

KATHMANDU, March 3: The Department of Commerce, Supplies and Consumer Protection collected Rs 17.69 million in cash fine from 684 business firms operating in the Kathmandu Valley on the charge of being involved in malpractices during mid-July 2020 and mid February 2021.

NRB enforces guidelines for QR code payment platforms

Published On: March 3, 2021 06:30 AM NPT By: Republica

KATHMANDU, March 3: Nepal Rastra Bank (NRB) has barred the Quick Response (QR) code payment service providers from charging a fee from the customers under any headings.

Gold price goes down by Rs 1,700 per tola

Published On: March 2, 2021 12:45 PM NPT By: Republica

KATHMANDU, March 2: The price of the precious yellow metal went down by Rs 1,700 per tola (11.66 grams) in the Nepali market on Tuesday.

KATHMANDU, March 2: Nepal Rastra Bank (NRB) has warned the banks and financial institutions (BFIs) to take action if they are found not maintaining the spread rate as provisioned by the monetary policy.

Nepal Finance opens its new branch in Sainamaina

Published On: March 2, 2021 10:00 AM NPT By: Republica

KATHMANDU, March 2: Nepal Finance limited opened its new branch in Sainamaina, Rupandehi, on Sunday.

KATHMANDU, March 1: The World Bank (WB) is providing a fast-track assistance of Rs 2.92 billion (US $ 25 million) to Nepal to purchase coronavirus vaccine and to carry out related works.

The private sector can only charge 10 percent extra while providing the vaccination service. This will make COVID-19 vaccine to cost around Rs 2,200 per dose.